2X4 BYGG AS: årsregnskap 2020 vs 2019
Shrank 55% on revenue, returned to profit
approved 2021-04-21; registry 2021-06-01; journal 2021 250962
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2X4 BYGG AS. Revenue 2.47m NOK → 1.10m NOK (-55.5%). Net result -51.4k NOK → +5.12m NOK. Equity 538.1k NOK → 608.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2X4 BYGG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -73.2k NOK → +157.7k NOK (op. margin -3.0% → 14.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 51.4k NOK to a profit of 5.12m NOK. Calculated
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↑
Equity strengthened
Book equity 538.1k NOK → 608.8k NOK (equity ratio 43.3% → 59.2%). Calculated
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↑
Cash rose
Bank deposits 423.6k NOK → 724.4k NOK (+71.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 91.5k NOK → 1 577 NOK (4% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.47m NOK to 1.10m NOK (-55.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.08m NOK → 645.0k NOK (-69.0% YoY). Calculated